|Bid||0.00 x 1800|
|Ask||124.11 x 1100|
|Day's Range||123.63 - 124.88|
|52 Week Range||102.92 - 133.88|
|PE Ratio (TTM)||23.21|
|Earnings Date||Jul 27, 2018|
|Forward Dividend & Yield||4.48 (3.56%)|
|1y Target Est||146.03|
Plaintiff attorney Steven Donziger’s attempted looting of Chevron for spurious environmental crimes in Ecuador ranks among the biggest legal scams in history. The law finally caught up to Mr. Donziger this week as a New York court pulled his legal license. Readers may recall Mr. Donziger’s years-long effort to shake down Texaco (now merged with Chevron) for its alleged failure to clean up oil pits that it had drilled in Ecuador during the 1970s.
The present contract for the Makassar Strait block is set to expire in 2020 and Chevron (CVX) has decided to withdraw its extension proposal.
Steep decline in imports, partly due to an outage at Syncrude facility in Canada, led to the massive stockpile draw with the world's biggest oil consumer.
The index enjoyed a strong week of gains, boosted by expectations of a strong second quarter earnings season.
TOTAL (TOT) enters into a strategic partnership with CCCC, which expands their current working relationship from Africa to a global scale.
DEEP DIVE In the 22 years that Don Taylor has been managing the Franklin Rising Dividends Fund, assets under management have ballooned to $18.9 billion. It’s clear that investors have been pleased with the fund’s long-term performance.
Chevron Corp has named Mariano Vela, a geologist with 20 years of experience at the U.S. oil major, to oversee its Brazil operations, the company told Reuters on Thursday, as it expands in Latin America's top producer. A letter seen by Reuters on Thursday and signed by former Brazil country manager Javier La Rosa on June 19 said Vela would take the reins in Brazil at the beginning of July. In an emailed statement, Chevron confirmed the appointment of Vela.
The Woodlands-based Chevron Phillips Chemical has been buying real estate adjacent to its Cedar Bayou plant, most recently picking up a nearby residential property. CP Chem, which produces a variety of chemical products, buys properties near its facilities on a regular basis, CEO Mark Lashier told the Houston Business Journal. The latest was a house and land appraised at $328,348 at 8019 Harvest Lane in Baytown, according to various Harris County public records. The deals primarily create a buffer zone between the facilities and occupied land, Lashier said.
What business cares about most when it comes to the Supreme Court is checking the “administrative state,” the sprawling apparatus of agencies and civil servants that oversees everything from labor standards to pollution rules. Presidential appointees, business advocates complain, routinely overstep the authority given them by Congress in how they write and enforce rules. With the addition of Brett Kavanaugh, President Donald Trump’s Supreme Court nominee, business sees the Supreme Court as a reliable bulwark against executive branch overreach.
QUITO, Ecuador (AP) — Ecuador's highest court has upheld a $9.5 billion judgment against oil giant Chevron for decades of rainforest damage.
The Zacks Analyst Blog Highlights: Enbridge, Chevron, Core Laboratories N.V. and National Oilwell Varco
Supply-side constraints are likely to extend gains in oil prices irrespective of trade war fears. This call for bets on top-ranked energy stocks.
Chevron will exit the Makassar Strait gas block in the Indonesia Deepwater Development (IDD) offshore natural gas project to focus on more promising areas in the venture, Indonesian officials said on Wednesday. Indonesia's energy minister had issued a decree terminating Chevron's Makassar Strait production sharing contract (PSC) after it decided not to extend its operation of the block beyond 2020, upstream oil and gas regulator SKKMigas said.
Stocks that moved substantially or traded heavily Tuesday: PepsiCo, up $5.13 to $112.89 The beverage company posted a larger second-quarter profit than analysts expected. Chevron Corp., up $1.60 to $127.59 ...
Enbridge (ENB) is getting rid of assets in order to pare debt, while Chevron (CVX) is set to put a number of its oil and gas fields in Britain's North Sea for sale.
The Dow enjoyed its best advance in nearly a month on Jul 9, gaining triple digits to close in the black for the third consecutive session. Wall Street is also waiting expectantly for what will likely be another strong earnings season. Given these factors it makes sense to pick select Dow stocks as markets choose to focus on broader fundamentals.
A lawyer who has spent many years pursuing multibillion-dollar litigation blaming Chevron Corp for polluting the Ecuadorean rainforest was suspended on Tuesday from practicing law in New York by a state appeals court. Representatives for the lawyer, Steven Donziger, did not immediately respond to requests for comment. Donziger in 2011 won an $18 billion judgment, later reduced to $9.5 billion, against Chevron in Ecuador, where he represented villagers who blamed environmental contamination between 1964 and 1992 on Texaco, which Chevron later bought.
Brett Kavanaugh could add a powerful new voice on the Supreme Court to restrain what government agencies can do, ushering in a new era of tougher scrutiny of federal regulations loathed by businesses. In a dozen years on the U.S. appeals court that handles most challenges to rules issued by federal bureaucrats, the Supreme Court nominee’s record reveals views closely aligned with conservatives who seek to rein in agencies on issues from climate change to net neutrality and financial oversight. “He has a reputation for keeping regulators under control and not allowing regulators to travel too far beyond the intent of Congress, if at all, and kind of putting limits on the administrative state,” said Senator Charles Grassley, an Iowa Republican who leads the Senate Judiciary Committee.
With second-quarter earnings season fast approaching, investors may want to consider sector exchange traded funds. The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy exchange ...